🏡 March Market Update: What’s Happening with Rates and Housing

TODAY’S MORTGAGE RATES

Mortgage Interest Rates teetered up and
down for the week but settled about the
same place they started. The Mortgage
Backed Security (MBS) market traded
down – 11 bps for the week.

Below are Mortgage News Daily’s
Average Interest Rates across
the country.

February’s BLS Jobs Report was released
on Friday. The BLS Jobs Report is
typically one of the most important
reports that influences interest rates
for the month.

There were a reported 151,000 jobs
created in February – lower than
estimates. Unemployment also
went up from 4% to 4.1%.

These numbers would usually improve interest
rates and they did for a period of time, but
Fed Chair Powell’s speech later in the
day reversed the market to interest
rates going up on the day.

Powell stated that the FED still needed
to be patient on further rate cuts and
were waiting to see how the new
government regulations would affect
prices and labor. The market is expecting
multiple FED rate cuts this year and
Powell’s words did not lend credence
to more rate cuts, at least right now.

There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc. Please call me to go over
your specific scenario so we can
price your loan out accurately.

Or email me at reggie@mygreenhomeloans.com with the answers
to the questions below for Mortgage
Options for your scenario.

REFINANCE QUOTE:

Goal of Refinance – Lower Payment, Cash Out, Debt Consolidation:
Address of Home:
Estimated Value of Home:
Current Loan Amount:
Current Rate:
What Type of Loan Are You in Currently – FHA, VA, Conventional:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

HOME PURCHASE QUOTE:

What City and State are You Looking to Purchase In:
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

Thank you!

MARCH 2025 REAL ESTATE REPORT

Keeping Current Matter’s March Real
Estate Market Report is below:

https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/assets/audio/20250307/MMR-March-2025.mp3

Home Price Forecasts are still showing
moderate home price increases for 2025.